Looking to diversify beyond DAX? The ETFs below have the lowest correlation with DAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from DAX.
Best Diversifiers for DAX
265 ETFs have low correlation with DAX (below 0.3), 44 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.34 | -0.13 | 0.01 | 55 | Oil & Gas | DAX vs UGA | |
| ProShares UltraShort Yen | -0.34 | -0.24 | -0.18 | 63 | Leveraged Currency | DAX vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.25 | — | — | 97 | Inflation-Protected Bonds | DAX vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | DAX vs IBIC | |
| VanEck Commodity Strategy ETF | -0.14 | 0.03 | — | 57 | Commodities | DAX vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DAX and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.21, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.21 | 0.00 | 0.14 | 72 | Energy | |
| Chevron Corporation | -0.20 | 0.01 | 0.15 | 70 | Energy | |
| ConocoPhillips Company | -0.18 | 0.02 | 0.14 | 65 | Energy | |
| Altria Group, Inc. | -0.14 | 0.05 | 0.15 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.13 | 0.02 | 0.11 | 62 | Utilities |
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